Natural Fiber Reinforcement Materials Market Overview:

Natural Fiber Reinforcement Materials Market was valued at $250 million in 2015, and is expected to reach $408 million by 2022, supported by a CAGR of 7.3% during the forecast period 2016 to 2022. Natural fibers are fibers obtained from plants, animals or minerals. Natural fibers, being bio-based, have several advantages over other synthetic fibers such as, eco-friendly in nature, easy to dispose, non-toxicity, light weight, and many others.

The global natural fiber reinforcement materials industry is driven by its growth in demand from the automotive industry, environment-friendly nature, and stringent regulations against the use of pollution causing synthetic materials. In addition, consumer awareness regarding environmental protection also fuels the growth of natural fibers. However, factors, such as, low strength as compared to synthetic fibers and fluctuation in raw material prices is expected to hamper the market growth. Furthermore, increase in applications of natural fiber in the construction and packaging sector is creating several lucrative opportunities for growth in the natural fiber reinforcement materials market.

Natural Fiber Reinforcement Materials Market Segmentation

The global natural fiber reinforcement materials market is segmented on type, end-use industry, and geography. Based on type, it is divided into hemp, flax, kenaf, jute, and others (coir, abaca, sisal). On the basis of end-use industry, it is segmented into transportation, building & construction, consumer goods, and others.

Top investment Pocket

The kenaf segment is anticipated to be the top investment pocket for natural fiber reinforcement materials market players during the forecast period, owing to its abundant availability and expanding applications & growth in demand from the automotive industry. The advantages of kenaf over other natural fibers such as thermal & heat insulation, superior strength, non-toxic, low density, and easy disposable have made kenaf the leading choice of car manufacturers globally. Next to kenaf, hemp is anticipated to be the second choice of players in natural fiber reinforcement materials market.

Top investment Pockets

Geography Review

Geographically, the natural fiber reinforcement materials market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the global natural fiber reinforcement materials market in 2015, and is anticipated to maintain its lead throughout the forecast period, owing to the extensive use of flax in automotive applications. However, Asia-Pacific is anticipated to grow with the highest rate throughout the forecast period.

Germany accounted for the highest revenue in the Europe natural fiber reinforcement materials market in 2015, owing to the presence of several natural fiber reinforcement materials manufacturers and increase in use of natural fibers from the automotive sector. In addition, numerous new facilities have been put to operation in the last decade, considerably increasing the production capacity of natural fibers.

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The natural fiber reinforcement materials market witnessed highest growth from the European region in 2015. This attributed to the large presence of automotive manufacturers adopting developed technologies, such as, natural fibers composites. The applications of natural fiber in automotive include headliners, interior panels, seat panels, acoustic panels, and several others. Characteristics such as, light-weight, low cost, ease of processing, lower carbon emissions, and higher strength make natural fiber composites attractive for non-structural parts of a vehicle. Germany is leading the European natural fiber market with over one-third of the total demand.

The use of natural fibers as a packaging industry has gained considerable attention in the last years. Conventional packaging materials, such as, plastic, glass, and metals are non-biodegradable, hazardous, and pollute the environment to a large extent. Thus, to avoid the harmful effects of using plastics and reduce the carbon footprint, a substitute is required. Natural fibers are a perfect fit as packaging materials and thus, are increasingly adopted by the packaging industry. Use of natural fibers-based packaging helps in reduction of carbon footprint and packaging waste that causes land and water pollution. R&D focused on developing natural fiber-based packaging, especially sisal & jute is expected to further benefit the market. Thus, adoption of natural fibers as a packaging materials is expected to create several opportunities for growth in the global natural fiber reinforcement materials market during the forecast period.

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